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We are analyzing the activity of Fx HFT trading algorithms and find that the EURUSD pair has stopped its advance after hitting the light HFT selling pressure zone that's located today at 1.1891 and above.
It could be the start of a reversal or just consolidation, but in either case, traders will be on the lookout for potential opportunities and trade setups in the EURUSD pair.
Yesterday's and previous highs are also located inside of the HFT sell zone, as an additional factor that could make selling here attractive.
To the downside, the light HFT buying pressure zone is standing at 1.1853 and below.
Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
